What is cross-rate in terms of yen per pound

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Reference no: EM131559279

Suppose the Japanese yen exchange rate is ¥83.47 = $1, and the British pound exchange rate is £1 = $1.62.

a. What is the cross-rate in terms of yen per pound? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Do not include the yen sign (¥).)

Cross-rate ¥

b. Suppose the cross-rate is ¥137 = £1. What is the arbitrage profit per dollar? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

Arbitrage profit per dollar $

Reference no: EM131559279

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